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Garfield Triplex 79 Wessington Ave 3 Unit Apartment Building $998,550 CAD ($332,850 CAD/Unit) 7.20% Cap Rate Garfield, NJ 07026
Executive Summary
Located in the desirable City of Garfield, Bergen County, just minutes from New York City, this well-maintained, free-standing multifamily property features three spacious
apartment units and is fully rented, generating immediate rental income.
An ideal opportunity for both investors and owner-occupants—live in one unit while the rental income from the other two helps offset your mortgage and operating expenses. All utilities are separately metered, with the exception of cold water.
Conveniently situated near major highways, public transportation, shopping, and local amenities, this property offers strong income potential in a high-demand commuter location.
apartment units and is fully rented, generating immediate rental income.
An ideal opportunity for both investors and owner-occupants—live in one unit while the rental income from the other two helps offset your mortgage and operating expenses. All utilities are separately metered, with the exception of cold water.
Conveniently situated near major highways, public transportation, shopping, and local amenities, this property offers strong income potential in a high-demand commuter location.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $998,550 CAD | Property Subtype | Apartment |
| Price Per Unit | $332,850 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 7.20% | Building Size | 2,386 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 11 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1900 |
| Property Type | Multifamily |
| Price | $998,550 CAD |
| Price Per Unit | $332,850 CAD |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 2,386 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | $3,375 CAD | - |
| 2+1 | 2 | $2,204 CAD | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 21-00108-0000-00020 | Total Assessment | $515,323 CAD |
| Land Assessment | $140,367 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $374,956 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
21-00108-0000-00020
Land Assessment
$140,367 CAD
Improvements Assessment
$374,956 CAD
Total Assessment
$515,323 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Garfield Triplex | 79 Wessington Ave
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